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20121128
20121128
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to geico sure are happy. how happy are they jimmy? happier than a witch in a broom factory. get happy. get geico. fifteen minutes could save you fifteen percent or more. >>> welcome back to "squawk on the street." we're 12 seconds away from the release of october new home sales. no sector of the economy is more debated than what's going on in the housing industry and most of the recent data has been definitely bottomish if not better. here we go. 368,000. unfortunately that is a disappointment. 390,000 expected. these are of course seasonally adjusted and annualized and the 389 we had last month, which was a 2.5-year high was downgraded to only 369,000. so in the record books it's only going to look like down 1,000 but both the actual number and the revision are a bit disappointing even though the actual number in percentage terms is only down 0.3 of 1%. back to you. >> numbers like castro oil to the market right now. down 62 and now down 78. >> diana olick, what do you make of it? >> a big disappointment. we got a much bigger drop than expected. that shot the month's supply up to 4.8-mont
you tell them they could save a lot of money on their car insurance by switching to geico...they may even make you their best man. may i have the rings please? ah, helzberg diamonds. nice choice, mate. ...and now in the presence of these guests we join this loving couple. oh dear... geico. 15 minutes could save you 15% or more on car insurance. >>> to politics now. republicans are reviving immigration reform. kay bailey hutchison and jon kyl introduced the bill they call the achieve act. unlike the act, this bill does not guarantee a path to citizenship. >>> at the white house, mexico's president-elect backed president obama's plans to push for immigration reform. vice president biden will lead a u.s. delegation to the inauguration on saturday, a trip president obama admits he envies. >> any excuse to go to mexico i'm always game. in fact, i'm jealous of joe biden. >> secretary of state hillary clinton, meantime, who is expected to step down in the months ahead, is reflecting back on the last four years. who has impacted her more than anyone else she's met over hundreds of thousands
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